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Woolwich woos customers with fixed rate mortgage

Woolwich woos customers with fixed rate mortgage

Category: Mortgages

Updated: 19/02/2009
First Published: 19/02/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Woolwich aims to attract mortgage customers with a new four year fixed rate mortgage.

The details are simple: 4.99% fixed to 30 April 2013 with a loan to value of property of 80%. The setting up fee is £995.

Our view: It is great to see a four year fixed enter the market as they have all but disappeared and if you take the fixed rate alone, it is a very competitive offering. The relatively high set up fee and lack of incentives, however, may make it less attractive to borrowers. Even so, looking across the market, we rated this mortgage four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.